Vinva Investment Management Ltd Buys 10,421 Shares of Duke Energy Corporation $DUK

Vinva Investment Management Ltd lifted its stake in shares of Duke Energy Corporation (NYSE:DUKFree Report) by 28.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 47,116 shares of the utilities provider’s stock after acquiring an additional 10,421 shares during the period. Vinva Investment Management Ltd’s holdings in Duke Energy were worth $5,786,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Legacy Investment Solutions LLC bought a new position in shares of Duke Energy during the 2nd quarter worth about $28,000. Bare Financial Services Inc increased its position in Duke Energy by 211.1% in the 3rd quarter. Bare Financial Services Inc now owns 280 shares of the utilities provider’s stock valued at $35,000 after buying an additional 190 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Duke Energy in the 3rd quarter valued at about $39,000. Anfield Capital Management LLC raised its stake in Duke Energy by 2,608.3% during the 2nd quarter. Anfield Capital Management LLC now owns 325 shares of the utilities provider’s stock worth $38,000 after buying an additional 313 shares during the period. Finally, Total Investment Management Inc. bought a new position in Duke Energy in the second quarter worth approximately $46,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on DUK. Scotiabank raised their price objective on Duke Energy from $137.00 to $146.00 and gave the company a “sector outperform” rating in a research note on Tuesday, December 16th. Mizuho set a $130.00 target price on Duke Energy in a research report on Tuesday, February 10th. BMO Capital Markets reissued an “outperform” rating and issued a $136.00 price target on shares of Duke Energy in a research report on Wednesday, February 11th. Jefferies Financial Group boosted their price target on shares of Duke Energy from $125.00 to $141.00 and gave the company a “hold” rating in a research note on Tuesday, February 17th. Finally, BTIG Research restated a “buy” rating and set a $141.00 price objective on shares of Duke Energy in a report on Friday, January 30th. Nine investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $136.87.

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Trending Headlines about Duke Energy

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Duke Energy Stock Up 0.7%

Shares of NYSE:DUK opened at $132.53 on Monday. The business’s 50 day moving average is $122.58 and its 200 day moving average is $122.36. Duke Energy Corporation has a 12-month low of $111.22 and a 12-month high of $132.65. The stock has a market cap of $103.06 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 2.88 and a beta of 0.50. The company has a quick ratio of 0.33, a current ratio of 0.55 and a debt-to-equity ratio of 1.54.

Duke Energy (NYSE:DUKGet Free Report) last released its quarterly earnings results on Monday, February 9th. The utilities provider reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.01. The business had revenue of $7.94 billion during the quarter, compared to analyst estimates of $7.57 billion. Duke Energy had a return on equity of 9.66% and a net margin of 15.41%.During the same period in the prior year, the firm posted $1.66 EPS. On average, sell-side analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 13th will be given a dividend of $1.065 per share. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, February 13th. Duke Energy’s dividend payout ratio (DPR) is presently 67.41%.

Insider Activity

In related news, SVP Regis T. Repko sold 962 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $127.86, for a total transaction of $123,001.32. Following the completion of the sale, the senior vice president directly owned 3,896 shares of the company’s stock, valued at approximately $498,142.56. This trade represents a 19.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Louis E. Renjel sold 6,800 shares of Duke Energy stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $127.67, for a total value of $868,156.00. Following the sale, the chief executive officer owned 22,007 shares in the company, valued at $2,809,633.69. The trade was a 23.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.14% of the stock is currently owned by insiders.

Duke Energy Profile

(Free Report)

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company’s core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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